Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 0.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,556,891 shares of the casino operator’s stock after buying an additional 8,335 shares during the period. Geode Capital Management LLC’s holdings in Las Vegas Sands were worth $429,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC boosted its holdings in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands in the 3rd quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares in the last quarter. GAMMA Investing LLC increased its position in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $53.87 on Friday. The stock has a market capitalization of $39.06 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The firm’s 50-day moving average is $51.85 and its two-hundred day moving average is $45.61.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. Equities analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.49%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 203,732 shares of company stock valued at $10,861,707. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Mizuho upped their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Susquehanna lifted their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.